Home Buying in Tupelo>Question Details

Brad Laughlin, Home Buyer in Tupelo, MS

How does my realtor make commission if I buy a home from a?

Asked by Brad Laughlin, Tupelo, MS Mon Oct 8, 2007

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The realtor usually makes a commission from the seller.
Web Reference: http://www.iansellsnola.com
0 votes Thank Flag Link Mon Oct 8, 2007
I am glad you are looking out for your Realtor - as your Realtor has probably looked out for you. There are many avenues as to how your agent can get paid. A solution may even be that you, the buyer, pays the commission. If the seller, in a FSBO situation, is not willing to "cooperate" by paying a commission, then the commission should come from the buyer. The price can also be grossed up to then include a certain percentage commission for the agent. I do a lot of commercial transactions where commission are more routinely paid by the buyer - so it is not such a foreign concept. This also revitalizes the question of who really pays the commission...
0 votes Thank Flag Link Mon Oct 8, 2007
Mario Pinedo,…, Real Estate Pro in Cupertino, CA
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Typically your realtor is paid by the seller and it's built into the listing. If the home is a FSBO, they are often willing to pay the agent's fee as well. You must ask to be sure though.
0 votes Thank Flag Link Mon Oct 8, 2007
Your Realtor may or may not be paid if you purchase a FSBO. If your Realtor found the property for you he or she should make sure the seller is willing to pay a fee to your Realtor. If you find the property, call your Realtor so you will have proffessional representation in the transaction. Chances are you will pay less having an agent represent you.
Web Reference: http://www.nealclayton.com
0 votes Thank Flag Link Mon Oct 8, 2007
Hi Brad. Unfortunately, part of your question was cut off. I am assuming you are asking how your agent earns a commission if you buy from a developer. Most builders will at least pay a referral fee, but then your agent will not be the one who represents you. These days, many developers/builders will pay buyer's agents a full commission because they want to move their inventory. Some even pay higher than average commissions to give the agents an incentive to show their homes to their buyers. You should ask your agent to check with the builders that you have in mind before you even start looking so that your agent can make sure that the proper procedures are followed.
In my opinion, it is very important for buyers to have their own buyer's agent when buying any real estate. When you just buy through the builder's sales office, you'll deal with someone who is employed by the builder and that agent may not look out for your best interest as well as an independent buyer's agent. Best of luck to you.
Web Reference: http://www.go2kw.com
0 votes Thank Flag Link Mon Oct 8, 2007
Ute Ferdig -…, Real Estate Pro in New Castle, DE
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FSBO? A buyer's agent who shows a FSBO usually gets an agreement signed with the seller to pay a certain commission if you decide to purchase.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Mon Oct 8, 2007
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